Bitcoin Q&A: Lightning and Onion Routing Video

How will Lightning Network(s) improve scalability and privacy in Bitcoin? What is the Basis of Lightning Technology (BOLT) interoperability standard? How many implementations are there? Onion-routed, anonymous payments payments. Are there centralisation risks?

Note: In this video I said, "There is also a company called Lightning Network", but I misspoke. The company name is "Lightning Labs". As I explained, the Lightning Network is an open protocol, like Bitcoin, and is a collaboration between 6 teams & companies producing open source software to a common specification.

Chapters
0:00 How confident are you that lightning networks will bring the desired scalability and security to the network?
0:35 I've already been running a beta test software
1:04 Bolt
2:30 Companies that's been doing interoperability testing
4:15 Onion routing protocol
6:38 Will lightning itself become centralized? Are there particular incentives to run a hub?
8:58 Lightning Network Daemon

lnd (Lightning Labs), c-lightning (Blockstream), eclair (ACINQ):
https://github.com/lightningnetwork/lightning-rfc/blob/master/00-introduction.md
https://github.com/ElementsProject/lightning
https://github.com/ACINQ/eclair

Integration tests: https://cdecker.github.io/lightning-integration/

BOLT RFC - https://github.com/lightningnetwork/lightning-rfc

Onion Routing implementation - https://github.com/LightningNetwork/lightning-onion

This was part of the first monthly live Patreon Q&A session on November 27th, 2017. If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron: https://www.patreon.com/aantonop

RELATED:
The Lightning Network - https://youtu.be/vPnO9ExJ50A
Bitcoin, Lightning, and Streaming Money - https://youtu.be/gF_ZQ_eijPs
Running nodes and payment channels - https://youtu.be/ndcfBfE_yoY
What is the role of nodes? - https://youtu.be/fNk7nYxTOyQ
Lightning, full nodes, and miners - https://youtu.be/dlJG4OHdJzs
Atomic swaps - https://youtu.be/fNFBA2UmUmg
Microfinance and streaming money - https://youtu.be/xs6hUcfuX9w
Fungibility, privacy, anonymity - https://youtu.be/y3s8c7YDtXU
SegWit, scaling, and consensus - https://youtu.be/Jc7mrR6AAto
Lightning Network without SegWit? - https://youtu.be/wqbQJ82Hf0s
Scaling is a moving target - https://youtu.be/pT9kJq_Ogrk
Altcoins and the scaling debate - https://youtu.be/slbpdW-H3yk
Introduction to the Internet of Money - https://youtu.be/rc744Z9IjhY
Bitcoin: Where the Laws of Mathematics Prevail - https://youtu.be/HaJ1hvon0E0
Worse Than Useless: Financial Surveillance - https://youtu.be/n4F-h4xuXMk

Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in bitcoin.

Follow on Twitter: @aantonop https://twitter.com/aantonop
Website: https://antonopoulos.com/

He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.

Subscribe to the channel to learn more about Bitcoin & open blockchains; click on the red bell to enable notifications about new videos!

MASTERING BITCOIN, 2nd Edition: https://amzn.to/2xcdsY9

Translations of MASTERING BITCOIN: https://bitcoinbook.info/translations-of-mastering-bitcoin/

THE INTERNET OF MONEY, v1: https://amzn.to/2ykmXFs

THE INTERNET OF MONEY, v2: https://amzn.to/2IIG5BJ

Translations of THE INTERNET OF MONEY:
Spanish, 'Internet del Dinero' (v1) - https://amzn.to/2yoaTTq
French, 'L'internet de l'argent' (v1) - https://www.amazon.fr/Linternet-largent-Andreas-M-Antonopoulos/dp/2856083390
Russian, 'Интернет денег' (v1) - https://www.olbuss.ru/catalog/ekonomika-i-biznes/korporativnye-finansy-bankovskoe-delo/internet-deneg
Vietnamese, 'Internet Của Tiền Tệ' (v1) - https://alphabooks.vn/khi-tien-len-mang

MASTERING ETHEREUM (Q4): https://amzn.to/2xdxmlK

Music: "Unbounded" by Orfan (https://www.facebook.com/Orfan/)
Outro Graphics: Phneep (http://www.phneep.com/)
Outro Art: Rock Barcellos (http://www.rockincomics.com.br/)
Join the aantonop Channel: https://aantonop.io/joinaantonopyt

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